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How Banks Have Adapted Their Digital Banking Systems To Serve Customers During The Pandemic

PYMNTS

One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets. We don’t think about digital just as a client-facing tablet,” Warder explained. “We’re

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Bank of America To Update Branches In Response To Customer Behavior

PYMNTS

Bank of America said it’s going to modernize more than 50 percent of its branches to match the changing way people bank, according to a report by Reuters. The number of people who actually visit physical branch locations is dropping, according to a study published this year by consulting firm McKinsey, the report noted.

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PYMNTS Daily Data Dive: The Underbanked Still A Problem In The US

PYMNTS

Digital banking trends and advancing technology can imply that the unbanked or the underbanked are a diminishing group in U.S. Blankenship thinks that a lack of access to banks and high fees will increase the number of underbanked who are turning to payday lenders instead. households without a bank account as of 2013.

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Pandemic: No Problem. And Messages From Our Financial Services Providers

Jeff For Banks

Highlight charities and wealthier individuals that are supporting the same, such as Kevin Love of the Cleveland Cavaliers donating $100,000 to support arena workers. Our digital banking tools are designed to be easy to use. Our convenient digital tools give you 24/7 access to your accounts. Not hoarding.

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Fed, Central Banks Frame Criteria For Digital Currency

PYMNTS

The worldwide COVID-19 pandemic has accelerated cashless payments and highlighted the impact of technology on how money is exchanged, Jon Cunliffe , deputy governor at the Bank of England (BoE) and chair of a BIS committee on payments, said in a Reuters report on Friday (Oct.

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